Originally Posted by sappersgt

Some deals are better than others. This property was listed in Feb at $419k. It was reduced to $320k, fell out of escrow and came back on the market at $305k. Monday it reduced to $232k!

This property represents a unique opportunity for me. I would be able to rent the main house for $300 a month over my mortgage (PITI) and live in the extra unit rent free. That's charging below market rent.

I currently rent a cottage on a piece of property with another house on it. I really like my neighbors, they are a pleasure to live with. Smart money would be to offer them a long term, below market lease on a bigger house and be sure of who I'm living next to.